What are the different types of life insurance policies in India?
BimaKaro: We all must have thought of buying life insurance policy at some point as we know its importance in our lives. But the problem here is which form of life insurance should we choose for making our future secure. Some say that a life insurance policy with maturity benefit is fruitful, whereas others are in a view that a pure protection plan is necessary. Then you find out that some insurance policies come with expensive premiums, and some have affordable premiums. As a result, you get confused and end up buying a wrong life insurance policy.
The importance of Term Life Insurance at every life stage
A wise man once said that few saving steps at your younger age could lead to a stress-free future.
All You Need to Know about Term Life Insurance
Term life insurance is the simplest form of insurance that offers financial coverage against a fixed premium for a designated period of time. The primary benefit of the term life insurance includes financial protection for your family and loved ones in case something happens to you. The coverage amount under the policy gets paid out as the death benefit to the beneficiaries as a lump-sum payout, monthly or partial payouts.